The Biden administration is on a mission to crack down on junk fees. Here's who's fighting to keep them.

Source: Business Insider

The Biden administration is on a mission to crack down on junk fees. Here's who's fighting to keep them.

John L. Dorman
Sun, November 19, 2023 at 8:35 PM EST·3 min read

From a dizzying array of airline fees to add-ons tacked on to concert ticket prices, Americans are fed up with hidden fees.

And they have an ally in President Joe Biden, who during his State of the Union address earlier this year vowed to crack down on the add-ons, often called junk fees, which when affixed to subtotals can make a simple hotel stay or a round-trip flight financially out of reach.

Biden wants to go after the practice and push companies to increase pricing transparency for consumer purchases, and his administration has targeted a swath of industries across the larger US economy, from airlines and ticket sales companies to banking institutions and credit card companies.

But corporations and their lobbyists are aggressively fighting back against proposed rules that would compel them to be more transparent about hidden fees, according to The Washington Post.

-snip-

Read more: https://news.yahoo.com/biden-administration-mission-crack-down-013527505.html